$XRP XRP is a digital currency created by Ripple Labs to facilitate fast, low-cost international payments. Unlike traditional cryptocurrencies like Bitcoin, XRP doesn’t rely on mining; instead, it uses a consensus ledger maintained by trusted validators. This design allows for transactions to settle in seconds with minimal fees, making it ideal for cross-border financial services. Ripple aims to partner with banks and payment providers, positioning XRP as a bridge currency between different fiat currencies. Despite regulatory challenges, particularly a high-profile lawsuit with the U.S. SEC, XRP remains one of the top cryptocurrencies by market capitalization, valued for its unique utility and efficiency.